Judge rules that Trump lied to inflate his wealth in tax fraud lawsuit

by time news

2023-09-26 23:50:00

Former President of the United States, Donald Trump Brian Cahn | EUROPA PRESS

This is a civil case, which will be tried next week and which is added to the four major accusations against the former president of the United States.

26 sep 2023 . Updated at 11:50 p.m.

A judge ruled this Tuesday that former United States President Donald Trump lied to inflate the value of the assets of the Trump Organization with the aim of reducing his tax bill in the framework of a civil lawsuit filed by New York Attorney General Letitia James.

Judge Arthur Engoron of the New York state court in Manhattan has thus responded to James’ request, who asked at the end of August that he declare those involved in the plot responsible, among whom are the two sons of the tycoon, DonaldTrumpJR. and Eric, as well as former Trump Organization CFO Allen Weisselberg.

Specifically, Engoron has specified in its ruling that Trump made false statements about real estate assets to insurers and banks. According to the New York Prosecutor’s Office, Trumpinfl his personal net worth to financial institutions at 3.6 billion dollars (about 3.3 billion euros).

The judge has canceled all of the defendants’ businesses in New York, while also giving a period of ten days for those involved to communicate at least three potential independent companies that can handle the dissolution.

Likewise, he has denied a request from Trump to delay the trial, which is finally expected to begin on Monday, and has fined his lawyers $7,500 for this reason, according to the American network NBC News.

The origin of the lawsuit dates back to March 2019, when former Trump Organization lawyer Michael Cohen’s testimony before the United States Congress raised questions about the company’s potentially fraudulent financial status.

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